CA - Final
1367 Points
Posted on 14 December 2017
1. Value of the closing stock. i.e., Invoice amount without VAT. (assuming VAT credit is taken and VAT is not included in stock price)
2. Value of excise duty for which credit is not taken, but mentioned in the invoice.
3. 7A
100% credit of excise duty can be taken as per sec.140(3)